MENGANALISA HUBUNGAN ANTARA PENGEMBANGAN WANG OLEH BANK DENGAN KENAIKAN HARGA QURBAN

(ANALYSING THE RELATIONSHIP BETWEEN BANK’S MONEY CREATION AND THE INCREASING PRICES OF QURBAN)

Authors

  • Ahmad Yani Ismail Universiti Islam Selangor
  • Mohd Nor Hafiz Mohd Unus Universiti Islam Selangor

DOI:

https://doi.org/10.53840/almimbar.v3i1.66

Keywords:

Money creation, prices, qurban, bank, inflation

Abstract

Muslims are encouraged to perform qurban during Aidul Adha. They can choose to slaughter either goat, cow or buffolow. It is noted that the cost of qurban continue to increase year by year. In the year 2022, the cost of a cow ranges from RM5,500 to RM 5,300 as compared to RM5,300 – RM5,600 in year 2021. Past researches confirm that banking industry involve in creating money. This study utilizes secondary data, analysing how bank’s money creation contributes to the expanding process of a cow particularly during Aidul Adha. The authors found that money creation by banking industry resulted in the increasing prices of goods including cows and eventually adversely affect the participation in qurban.

Author Biographies

Ahmad Yani Ismail, Universiti Islam Selangor

Faculty of Management and Muamalah, Universiti Islam Selangor (UIS), 43000, Bandar Seri Putra, Selangor, Malaysia.

Mohd Nor Hafiz Mohd Unus, Universiti Islam Selangor

Masjid Al Azhar, Universiti Islam Selangor (UIS), 43000, Bandar Seri Putra, Selangor, Malaysia

References

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Published

2023-06-30

How to Cite

Ismail, A. Y., & Mohd Unus, M. N. H. (2023). MENGANALISA HUBUNGAN ANTARA PENGEMBANGAN WANG OLEH BANK DENGAN KENAIKAN HARGA QURBAN: (ANALYSING THE RELATIONSHIP BETWEEN BANK’S MONEY CREATION AND THE INCREASING PRICES OF QURBAN). International Journal of Mosque, Zakat And Waqaf Management (Al-Mimbar), 3(1), 12–19. https://doi.org/10.53840/almimbar.v3i1.66